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Officials from the South Korean National Tax Service proposed to amend the Criminal Procedure Act to strengthen the rules for seizing individuals' virtual assets

According to Digital Asset, officials from the Korean National Tax Service have proposed legislative suggestions, believing it is necessary to amend the Criminal Procedure Act to allow for the seizure of virtual assets held by individuals. Individual ownership of digital assets refers to the situation where the private key is directly held by the individual, without the need to entrust a third party for custody or disposal.In June of this year, four individuals, including Zhang Xiyuan, the head of the National Tax Service investigation team, published a paper titled "Limitations and Legislative Review of Self-Protecting Virtual Asset Seizure Execution" in the journal "Criminal Policy Research" of the Korean Institute of Criminology and Justice. The paper explains that separate regulations must be established for the requirements and procedures for transferring to a public wallet or obtaining control. The paper first points out that when a suspect or owner holds access means such as a private key, the search warrant must clearly specify the following: the type and quantity of digital assets to be seized; verified addresses; addresses to be transferred; methods of transfer; and storage methods after the transfer. Furthermore, due to the risks of theft associated with transferring assets to wallets managed by a single entity, the paper proposes a method for transferring to a joint address managed by both the court and investigative agencies.

Gate fully integrates with the Robinhood Chain, continuously improving the multi-chain ecosystem and on-chain service system

Gate DEX announced full integration with Robinhood Chain, becoming one of the first mainstream exchanges to support this ecosystem's on-chain entry, further expanding the platform's multi-chain ecological layout and Web3 infrastructure capabilities. This integration covers core scenarios such as asset discovery, wallet management, on-chain trading, cross-chain exchanges, market tracking, and DApp interactions, providing users with a more complete and efficient on-chain experience.Leveraging this upgrade, Gate's main site Alpha has added support for the display and trading of Robinhood Chain ecosystem assets and has integrated with ecological launch platforms such as Noxa.fun and Bankr; Gate Wallet supports asset management and DApp interactions for Robinhood Chain; Gate DEX Swap supports single-chain and cross-chain exchanges for Robinhood Chain and achieves asset interoperability with mainstream public chains like BSC, Ethereum, and Base through Across and LayerZero, further enhancing the efficiency of multi-chain asset circulation.With the rapid development of emerging public chain ecosystems like Robinhood Chain, Gate DEX continues to improve its one-stop on-chain service capabilities covering asset discovery, trading, cross-chain connectivity, and ecological applications. In the future, Gate will continue to deepen multi-chain ecological construction, connect more high-quality public chains and innovative applications, and continuously enhance Web3 product capabilities to create a more open, efficient, and convenient on-chain experience for global users.

Gate US has partnered with SoFi to create a safer and more scalable financial services infrastructure

Gate US announced a partnership with SoFi to become an infrastructure partner, helping to drive the future development of finance. As a national chartered bank, SoFi possesses strong financial strength, a solid regulatory foundation, and modern banking infrastructure, facilitating smoother connections between traditional finance and digital assets. Through this collaboration, Gate US has activated SoFi's Big Business Banking account, which is part of its ongoing efforts to build secure, compliant, and scalable financial solutions for the U.S. ecosystem.At the same time, Gate US is preparing to launch ACH and Wire functionalities. Once the ACH service is online, it is expected to allow users to link their bank accounts and make direct deposits into their Gate US accounts; the upcoming Wire feature aims to support larger and faster domestic transfers within the U.S. backed by institutional-grade banking infrastructure. Both functionalities are expected to be launched in the U.S. jurisdictions where Gate US is licensed, highlighting Gate US's compliance-first philosophy. Gate US holds MTL licenses in 36 states and operates in 47 jurisdictions across the U.S. In addition, multiple entities under Gate have completed relevant regulatory registrations, license applications, or received authorizations and approvals in jurisdictions such as Malta, the Bahamas, Japan, Australia, and Dubai. In the future, Gate US will continue to advance its compliance infrastructure, expand the accessibility of digital asset services, and provide users with safer and smoother financial solutions.
2026-07-17

Visa launches enterprise-level stablecoin service platform, opening stablecoin services to over 200 million merchants

According to Fortune, global payment giant Visa is accelerating its layout of stablecoin infrastructure by launching the Visa Stablecoin Platform, which helps banks and fintech companies integrate stablecoin payment capabilities into existing payment and fund management systems.It is reported that the platform aims to provide stablecoin service support for approximately 15,000 financial institutions and over 200 million merchants globally, allowing businesses to use USD stablecoins for settlement, fund circulation, and financial management within traditional payment networks.Visa currently processes about $150 trillion in payment transactions annually and has handled stablecoin settlement business worth billions of dollars. The company hopes to further expand the application of stablecoins through the new platform. The Visa Stablecoin Platform will initially support the new stablecoin OUSD launched by the Open Standard Alliance, while continuing to be compatible with existing stablecoins supported by Visa, including USDC issued by Circle and USDG issued by Paxos.Visa believes that stablecoins are becoming an important component of future financial infrastructure, with advantages including: instant settlement, transactions that do not rely on traditional bank clearing cycles; low-cost transfers, reducing payment costs based on blockchain networks; and transparency and traceability, with on-chain transaction records providing higher verifiability. Visa has been continuously laying out its strategy in the stablecoin field. In 2020, Visa became the first global payment network to support USDC settlements; in 2025, the company launched a stablecoin settlement program to further promote stablecoins into the mainstream payment system.Meanwhile, Visa's competitors are also accelerating their entry into the stablecoin market. Mastercard recently launched a stablecoin settlement solution and collaborated with companies such as MoonPay and Paxos; American Express is also participating in the ecosystem development related to Open Standard. As traditional payment giants increasingly adopt stablecoins, stablecoins are gradually transforming from payment tools in the crypto industry to an important component of global financial infrastructure.

Changxin Technology's global DRAM market share reaches 9%, with the 15% "survival line" being key to entering the top tier

According to the latest report released by market research firm Counterpoint Research, Chinese memory chip giant Changxin Technology (CXMT) currently holds a 9% share of the global DRAM market (by bit shipments), and this figure is expected to rise to 11% by 2028 (with a revenue share of 9%). The report indicates that Changxin Technology is transitioning from an industry "challenger" to a "strategic player," with a long-term goal of achieving a bit shipment share of 20% and a revenue share of 15% by 2035.However, the report emphasizes that to truly establish a foothold in the global memory market and join the ranks of the "big three DRAM manufacturers," Changxin Technology must cross the global market share threshold of 15% to 17% (about one-sixth). Historical experience shows that in 2008, Taiwanese DRAM manufacturers could not secure the massive funding needed for the research and development of the next generation of fabs after their market share fell below 15%, ultimately causing their market share to plummet to the edge of 3%. Therefore, the 15% share is seen as the core survival line for Changxin Technology to ensure sustainable development and self-sustaining capabilities in the medium to long term.To cross this threshold, Changxin Technology is leveraging newly raised funds to accelerate capacity expansion, planning to double its capacity by 2030 and triple it by 2035. Although facing external challenges such as U.S. equipment export controls and global supply chain access, analysts believe these restrictions may instead act as catalysts, forcing Changxin Technology to accelerate independent innovation in cutting-edge technologies such as Vertical Channel Transistors (VCT) and Wafer-on-Wafer bonding, thereby narrowing the gap with industry leaders.
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